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Friday, September 02, 2022 12:13:00 PM
NioCorp must keep our registration statements with the SEC current and we are required to only maintain statements that relate to securities that can be issued. Accordingly, we made three largely administrative filings with the SEC today to remove outdated registration statements.
· The S8 filing removes from SEC registration securities that were registered in a 2016 S-8 filing for use in our previous Incentive Stock Option Plan, given that all either been exercised, issue, or have expired. As such, there is no longer any reason to have those securities registered. Our 2016 plan was replaced by a shareholder vote in 2017 with another incentive plan.
· The additional two S3 filings effectively do the same for other shares or warrants that were previously registered and no longer need registration because the securities noted in the registration statements have been exercised or have expired.
Hope this helps.
Jim Sims
Chief Communications Officer
NioCorp Developments Ltd.
Jim.Sims@NioCorp.com
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